31st March 2025: Premier India Bearings Ltd, a leading player in India’s power transmission sector, marked its 50th anniversary with a grand celebration at ITC Sonar, Kolkata. The milestone event brought together industry leaders, stakeholders and partners, reflecting on five decades of innovation, resilience and sustained growth. The event was graced by esteemed Guests of Honour, Mr. Harsha Kadam, CEO & Managing Director, Schaeffler India Ltd., and Dr. Sanjay Kumar Gupta, Joint President & Chief Procurement Officer, Adani Group. Also present were the founders of Premier India Bearings Limited, Mr. Surendra Choraria and Mr. Chain Roop Chindalia, whose vision and leadership have steered the company towards remarkable success.
Founded in 1975 with a borrowed capital of INR 5,000, Premier India Bearings has evolved into a formidable force in the industry. Incorporated in 1988 with a capital investment of INR 1 lakh, the company has since established itself as a comprehensive power transmission solutions provider, representing global names such as Schaeffler, Dodge Industrial and Bonfiglioli.
As Premier India Bearings looks ahead, the company is poised for an ambitious growth trajectory. It expects to close FY 2024-25 with a turnover of INR 280 crore and is targeting over INR 500 crore in the next five years. Key to this expansion is a strategic focus on digitalisation through the launch of an e-commerce platform to streamline procurement and extend market reach. The company is also expanding its product portfolio, strengthening its offerings in the power transmission domain to provide a one-stop solution. Another priority is driving the adoption of smart maintenance solutions, encouraging industry-wide use of digital tools and predictive maintenance systems. In addition, Premier India Bearings is enhancing operational efficiency by refining pricing strategies, improving delivery speed and maintaining service excellence. With geographical expansion in mind, the company is actively evaluating new locations to extend its presence across key industrial hubs, ensuring it remains closer to its customers.
Currently operating in 19 cities across 12 states, including Kolkata, Ahmedabad, Bengaluru, Bharuch, Bhopal, Chandigarh, Chennai, Coimbatore, Durgapur, Gandhidham, Gurugram-NCR, Guwahati, Hosur, Jamshedpur, Kochi, Ludhiana, Mumbai, Raipur and Surat, the company is strengthening its footprint based on industrial growth trends and customer demand. Investment remains a cornerstone of Premier India Bearings’ growth strategy. The company is channelling resources into expanding its refurbishment facility in Jamshedpur to enhance capabilities and deliver cost-effective, sustainable maintenance solutions. A significant portion of its investment is directed towards service solutions, particularly in strengthening the Schaeffler Lifetime Solutions portfolio, which aims to improve machine availability and enable predictive maintenance. Additionally, Premier India Bearings is broadening its power transmission product portfolio to provide a more comprehensive, single-window solution for industrial clients.
The firm recently relocated to independent premises in Kolkata and Chennai, reinforcing its commitment to operational excellence. Additionally, new partnerships with Dodge USA and Bonfiglioli further bolster its positioning as a holistic power transmission solutions provider. As Premier India Bearings celebrates its golden jubilee, the company remains firmly focused on the future, driving forward with a vision of innovation, customer-centricity and sustainable industrial solutions.
“Our journey over the past five decades has been one of resilience, strategic growth and an unwavering commitment to innovation. As we step into the next phase, our focus remains on leveraging technology, expanding our service capabilities and staying ahead of industry demands,” said Mr. Surendra Choraria, Founder, Premier India Bearings Limited.